Report from the Annual General Meeting in Karnov Group AB (publ)

Karnov Group AB (publ), reg. no. 559016-9016, held Tuesday 10 May 2022 annual general meeting (“AGM”).

Adoption of the income statements and balance sheets, appropriation of the result and discharge from liability

The meeting adopted the income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet in the annual report for the financial year 2021. The meeting also resolved to appropriate the company’s result in accordance with the Board of Directors’ proposal, meaning that the result for the year shall be carried forward and that no dividend shall be made for the financial year 2021. The meeting also discharged the members of the Board of Directors and the CEOs operating during the financial year 2021 from liability.

 

Resolution on the fees to be paid to the members of the Board of Directors and the auditor

The meeting resolved, in accordance with the Nomination Committee’s proposal, that fees to the Board of Directors for the period until the end of the next AGM shall be SEK 725,000 for the chairperson of the Board of Directors and SEK 350,000 for each of the other AGM-elected non-executive directors. It was further resolved that SEK 150,000 shall be paid to the chairperson of the audit committee and SEK 50,000 for each of the other directors of the audit committee, and SEK 100,000 for the chairperson of the remuneration committee and SEK 35,000 for each of the other directors of the remuneration committee.

 

The meeting also resolved that fees to the auditor shall be paid in accordance with approved invoice.

 

Election of members of the Board of Directors, chairperson of the Board of Directors and auditor

The meeting resolved, in accordance with the Nomination Committee’s proposal, on re-election of existing Board members Magnus Mandersson, Ulf Bonnevier, Lone Møller Olsen, Salla Vainio and Loris Barisa. Magnus Mandersson was re-elected as chairperson of the Board of Directors. The meeting also resolved, in accordance with the Nomination Committee’s proposal and the audit committee’s recommendation, on re-election of PricewaterhouseCoopers AB as auditor for the period up to and including the end of the next AGM. PricewaterhouseCoopers AB has announced that Martin Johansson will serve as auditor in charge.

 

Remuneration report 2021

The meeting resolved to approve the Board of Directors’ report over remuneration regarding 2021 according to Chapter 8, Section 53 a of the Swedish Companies Act.

 

Authorisation for the Board of Directors to resolve on new issues of shares

The meeting resolved, in accordance with the Board of Directors’ proposal, on authorisation for the Board of Directors to, within the limits of the Articles of Association, until the next AGM, on one or more occasions, resolve to issue new ordinary shares of series A to the extent that the company’s share capital may be increased by an amount equal to not more than 10 percent of the registered share capital at the time of the 2022 AGM.

 

Amendment of the Articles of Association

The meeting resolved, in accordance with the Board of Directors’ proposal, to insert a new section in the Articles of Association which allows for the Board of Directors to collect powers of attorney in accordance with the procedure stated in Chapter 7, Section 4 of the Swedish Companies Act and for the Board of Directors to resolve that the shareholders shall be able to exercise their right to vote by post before a general meeting in accordance with the procedure stated in Chapter 7, Section 4a, of the Swedish Companies Act.

 

Additional information from the annual general meeting

Complete proposals regarding the resolutions by the annual general meeting in accordance with the above are available on the company’s website www.karnovgroup.com. Minutes from the annual general meeting will be made available on the company’s website www.karnovgroup.com no later than two weeks after the annual general meeting.

For more information, please contact:

Erik Berggren, Head of Investor Relations
Telephone: +46 707 597 668
Email: [email protected]

 

This information was submitted for publication on 10 May 2022 at 17:00 pm CEST.

 

Karnov Group is a leading provider of mission critical information in the areas of legal, tax and accounting, and environmental, health and safety in Denmark and Sweden. With brands such as Karnov, Norstedts Juridik, Notisum, Legal Cross Border, Forlaget Andersen, LEXNordics, DIBkunnskap and Echoline, Karnov Group delivers knowledge and insights, enabling more than 80,000 users to make better decisions, faster – every day. With offices in Copenhagen, Stockholm, Oslo, Toulouse, Paris and Malmö, Karnov Group employs around 290 people. Net sales in 2021 amounted to SEK 878 M. The Karnov share is listed on Nasdaq Stockholm, Mid Cap segment under the ticker “KAR”. For more information, please visit www.karnovgroup.com.